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foreign policy. and there's no disagreement about that in my country, that parliament passed last year unsl a policy, a resolution which def the icelandic objectives in the arctic. so together with the other countries, we hope to play a constructive part, and evidence of this was that a few months ago, one of our april civil servants and officials was chosen as the first director general of the secretary of the rctic council. >> the icelandic is coming out of financial turmoil. what would you consider the future of the krona, and are you at all considering any alternative currency for iceland? >> i think it's a positive indication of how we have moved out of the financial crisis, but i can come here to the national press club, and only when six minutes are left, i get that question orkt financial issue. nobody would have believed that four or five years ago. but that is the state of co together again and talk about how we recovered from the financial crisis and how we dealt with the crisis in a different way from many oer countries, how we did not follow the established orthodoxies of
think for the foreign exchange market, it's more a question of policy action. and now, because we're in this limbo, that leaves sterling a little bit of limbo. >> meanwhile, the treasury there is targeting sales of 4 to 5 billion sales in six-month and is 1-month t bills. yes, same with italian yields, as well, michael. are we now at the low point in the cycle for spanish and italian yields? who is going to drive them lower from here and why would you? >> i think the market has seen a lot of liquidity expansion. first from the fed and then lastly from the bank of japan. and combined with the renewed commitment from the ecb to protect the euro, this has depressed yields to these kind of levels. i think it's difficult to see us going dramatically further. and if anything, strategically, we think that the three major problems in europe, the recession, inconsistent crisis management and rising political and social backlash against austerity are likely to come through and that leaves spain and italy very vulnerable to a sharp increase in yields. we're looking, for example, for 10-year
things that thatcher government did was scrap foreign exchange controls when it came to power in the late 1970s. so absolutely. privatization, eventual greater competition within the previously owned government sectors was a big plus. and obviously one contentious p policy was power between employers and trade unions. arguably now the u.k. has a much better industrial relations record than it did before 1979. >> you have to remember though in the '70s, you and i were doing our homework by candlelight when we had a three-day week. it did need rebalancing from that point of view. takes those lessons from those micropolicies which were successful whether there's some lessons today that need to be drawn by this current government because they are trying to kick-start wider only ownership but thatcher gave people the right to own their own homes but they had to qualify for mortgage on affordable income. >> that's one thing which the thatcher government did particularly in the early to mid 1980s. the big liberalization financial markets. scrapping of competition and credit control happened a lo
Search Results 0 to 3 of about 4 (some duplicates have been removed)